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what is happening in the united states with a wary eye, cnn international anchor jim clancy is with me now. jim, this is such a hyper-focused american problem and yet it's really a problem for the whole world. >> it definitely is. if mitch mcconnell is looking for a dance partner. the united states is the dance partner for the entire world. the markets hate uncertainty what they hate even more is steering abject failure square in the face. those markets are going to open up in four or five hours' time we should see some limited reaction in asia. but perhaps not yet. it's still uncertain what is going to happen here. there's a huge stake. everyone realizes. europe has got its problems. germany starting to feel the effects of the global, of the downturn in europe. china, cutting its growth forecasts, india doing the same. the last thing anyone on the world stage needs right now is for the u.s. to start sliding back into recession. but you know, let's be clear here. that's, that would take some time. there would still be time for some kind of a deal. but it's the uncertainty that is reall
investment portfolio. jim awad, a longtime manager. sean egan knows a thing or two about credit ratings, the founder of an independent rating agency not paid by the corporate issuers that it rates. sean, your firm was quick to downgrade the u.s. credit rating last year. if we go over the cliff or lawmakers reach some sort of watered-down compromise, will you downgrade america again? >> no. our take on it is that it's a very positive sign that the government is wrestling with the immediate problem of the budget deficit. it was $1.4 trillion last year. it's probably going to come in at about $1.2 trillion for the current year. so we view this whole wrangling as a positive, that it's the first step to solving a problem is recognizing it. most people in washington and throughout the country are recognizing the immediate problem of the federal budget deficit. >> that is a remarkably glass-half-full view of the world, sean. i appreciate that. let me take a look at world borrowing costs. this is a gauge of how investors feel about a given country. sovereign debt. if you're buying bonds of a co
Search Results 0 to 1 of about 2